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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (97347)	12/1/2020 8:16:47 AM
From: Goose94	Read Replies (1) of 203382

Prime Minister Justin Trudeau: The federal government is priming the pump to stimulate Canada’s economy on the other side of the pandemic, with up to $100 billion in spending envisioned over the course of three years. We just don’t know how that money will be spent. And that was the hottest topic in two hours’ worth of immediate reaction to the fiscal update on BNN Bloomberg yesterday afternoon. PIMCO’s former Canadian quarterback Ed Devlin referred to it as “vastly overwhelming” everything else being talked about. As for how we can be sure the spending won’t spiral out of control: Finance Minister Chrystia Freeland said metrics like unemployment and total hours worked will serve as “fiscal guardrails.” We’ll have plenty more reaction to Canada’s historic spending strategy throughout the day (framed against third-quarter GDP data due for release at 8:30 a.m. ET), plus reaction to other newsy aspects of the fiscal update, like the Liberals’ plan for taxing Airbnb and Netflix users; sector-specific aid for the air transport, tourism and entertainment industries; and some significant adjustments to the Fiscal Stabilization program. BNN.ca

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